Barrick Gold Corp (TSE:ABX) Given Consensus Recommendation of “Hold” by Brokerages
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$25.17.
Several brokerages have weighed in on ABX. BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 target price on shares of Barrick Gold Corp in a research note on Thursday, July 6th. TD Securities reaffirmed a “hold” rating and set a C$27.00 target price on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Scotiabank reaffirmed a “sector perform” rating and set a C$30.00 target price on shares of Barrick Gold Corp in a research note on Tuesday, April 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barrick Gold Corp in a research note on Friday, June 23rd. Finally, Clarkson Capital reaffirmed a “neutral” rating on shares of Barrick Gold Corp in a research note on Wednesday, May 10th.
Shares of Barrick Gold Corp (ABX) traded down 0.69% during mid-day trading on Friday, reaching $21.59. 3,221,688 shares of the company’s stock were exchanged. The stock has a market capitalization of $25.17 billion and a PE ratio of 10.69. Barrick Gold Corp has a 1-year low of $18.52 and a 1-year high of $28.17. The company’s 50 day moving average is $20.72 and its 200 day moving average is $23.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Tuesday, August 29th.
ILLEGAL ACTIVITY WARNING: “Barrick Gold Corp (TSE:ABX) Given Consensus Recommendation of “Hold” by Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/12/barrick-gold-corp-tseabx-given-consensus-recommendation-of-hold-by-brokerages.html.
Barrick Gold Corp Company Profile
Barrick Gold Corporation engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. It primarily explores for gold, copper, and nickel deposits. The companys principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero.
Receive News & Ratings for Barrick Gold Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold Corp and related companies with MarketBeat.com's FREE daily email newsletter.